ETF Analyst Puts a $60K Floor Under Bitcoin as the Nvidia Selloff Rattles Markets
ETF analyst Eric Balchunas sees a Bitcoin base in the $60,000s after the Nvidia selloff.
The global cryptocurrency market capitalization fell 4% to $2.26 trillion over 24 hours, while Ether and Solana posted double-digit weekly losses.
Bitcoin plunged to nearly $62,000 on November 15, its lowest level since July. The drop wiped out months of gains and triggered more than $2 billion in liquidations. Now, several analysts claim that large players orchestrated the crash. However, others see a far simpler explanation.
November 15, 2026, 9:24 amBitcoin is sliding to a three-month low of $65,000 amid its fourth capitulation wave since the all-time high, with daily selling volume doubling to over $850 million primarily from short-term holders who bought above $80,000.
November 15, 2026, 8:04 amETF analyst Eric Balchunas sees a Bitcoin base in the $60,000s after the Nvidia selloff.
Bitcoin slid toward $60,000 as $1.2 billion in longs were liquidated and ETF outflows topped $1 billion.
The Bitcoin selloff highlights the volatility and risks in cryptocurrency markets, testing investor resilience and impacting broader market sentiment.
Vitalik Buterin’s latest pivot in how Ethereum should be valued might make traditional Wall Street investors dizzy. The narrative is changing once again, and this time it moves ETH into the territory where Bitcoin’s pitch in traditional finance (TradFi) is strongest: being a store of value.
Speculation is mounting that Nvidia CEO Jensen Huang was forced out after the co-founder of the multitrillion-dollar company began advocating for open-source AI models. While these theories remain unconfirmed, they also draw parallels with Bitcoin’s own fight over open-source development.
The preprint's 2026 public force-close cohort paid a median 925 satoshis per channel, while the broadcaster's balance faced a 2.5-day median wait.
The IEA raised its fourth-quarter supply forecast by 3.3 million barrels a day, while depleted land stocks and diesel shortages keep relief conditional.
Bitcoin approached a large concentration of leveraged trades as Glassnode warned that forced selling could deepen its decline. The warning came as shrinking trading liquidity and losses on bullish bets increased pressure across crypto markets.
The surge in crypto liquidations highlights market volatility and investor fear, potentially influencing future monetary policy and risk appetite.